Equities research analysts expect that IPG Photonics Corporation (NASDAQ:IPGP) will announce sales of $366.23 million for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for IPG Photonics Corporation’s earnings. The lowest sales estimate is $360.00 million and the highest is $372.10 million. IPG Photonics Corporation reported sales of $266.02 million during the same quarter last year, which indicates a positive year over year growth rate of 37.7%. The company is scheduled to report its next earnings report on Thursday, October 26th.

On average, analysts expect that IPG Photonics Corporation will report full-year sales of $366.23 million for the current year, with estimates ranging from $1.34 billion to $1.35 billion. For the next year, analysts forecast that the firm will report sales of $1.47 billion per share, with estimates ranging from $1.44 billion to $1.54 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover IPG Photonics Corporation.

IPG Photonics Corporation (NASDAQ:IPGP) last posted its quarterly earnings results on Tuesday, August 1st. The semiconductor company reported $1.91 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.63 by $0.28. IPG Photonics Corporation had a return on equity of 19.75% and a net margin of 26.84%. The firm had revenue of $369.37 million for the quarter, compared to the consensus estimate of $333.06 million. During the same period in the previous year, the business earned $1.25 earnings per share. The company’s revenue for the quarter was up 46.1% compared to the same quarter last year.

Several research firms recently commented on IPGP. Stifel Nicolaus restated a “hold” rating and issued a $170.00 target price (up from $165.00) on shares of IPG Photonics Corporation in a research report on Friday, September 1st. ValuEngine upgraded IPG Photonics Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, September 6th. Benchmark Co. restated a “buy” rating and issued a $180.00 target price on shares of IPG Photonics Corporation in a research report on Wednesday, August 2nd. Canaccord Genuity raised their target price on IPG Photonics Corporation from $152.00 to $162.00 and gave the company a “hold” rating in a research report on Wednesday, August 2nd. Finally, Needham & Company LLC restated a “buy” rating and issued a $182.00 target price (up from $160.00) on shares of IPG Photonics Corporation in a research report on Tuesday, August 1st. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. IPG Photonics Corporation currently has a consensus rating of “Buy” and a consensus price target of $150.25.

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In other news, SVP Trevor Ness sold 5,000 shares of IPG Photonics Corporation stock in a transaction on Friday, June 30th. The stock was sold at an average price of $145.69, for a total transaction of $728,450.00. Following the transaction, the senior vice president now directly owns 17,906 shares in the company, valued at approximately $2,608,725.14. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Alexander Ovtchinnikov sold 12,000 shares of IPG Photonics Corporation stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $160.30, for a total value of $1,923,600.00. Following the transaction, the senior vice president now owns 83,595 shares in the company, valued at $13,400,278.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 67,017 shares of company stock worth $10,799,211. 33.80% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Stifel Financial Corp boosted its stake in shares of IPG Photonics Corporation by 0.4% during the 1st quarter. Stifel Financial Corp now owns 5,154 shares of the semiconductor company’s stock worth $624,000 after acquiring an additional 23 shares in the last quarter. Flinton Capital Management LLC boosted its stake in shares of IPG Photonics Corporation by 3.3% during the 1st quarter. Flinton Capital Management LLC now owns 1,008 shares of the semiconductor company’s stock worth $122,000 after acquiring an additional 32 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in shares of IPG Photonics Corporation by 1.1% during the 2nd quarter. Teacher Retirement System of Texas now owns 3,015 shares of the semiconductor company’s stock worth $437,000 after acquiring an additional 33 shares in the last quarter. Meadow Creek Investment Management LLC boosted its stake in shares of IPG Photonics Corporation by 3.3% during the 1st quarter. Meadow Creek Investment Management LLC now owns 1,386 shares of the semiconductor company’s stock worth $167,000 after acquiring an additional 44 shares in the last quarter. Finally, Northwestern Mutual Investment Management Company LLC boosted its stake in shares of IPG Photonics Corporation by 0.8% during the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 6,456 shares of the semiconductor company’s stock worth $779,000 after acquiring an additional 49 shares in the last quarter. 59.20% of the stock is owned by institutional investors and hedge funds.

Shares of IPG Photonics Corporation (NASDAQ:IPGP) opened at 179.97 on Friday. The company has a 50 day moving average price of $167.56 and a 200-day moving average price of $142.04. The stock has a market capitalization of $9.69 billion, a P/E ratio of 30.14 and a beta of 1.64. IPG Photonics Corporation has a 1-year low of $80.52 and a 1-year high of $180.55.

IPG Photonics Corporation Company Profile

IPG Photonics Corporation is a developer and manufacturer of a line of fiber lasers, fiber amplifiers, diode lasers, laser systems and optical accessories that are used for various applications. The Company offers a line of lasers and amplifiers, which are used in materials processing, communications and medical applications.

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Earnings History and Estimates for IPG Photonics Corporation (NASDAQ:IPGP)

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